NEW YORK CITY, Oct. 30, 2018 A new LIMRA Secure Retirement Institute (LIMRA SRI) study of annuity owners finds the top two reasons consumers buy annuities are to supplement Social Security/pension income and to receive guaranteed income payments for life.

LIMRA Secure Retirement Institute calculated that 3 million participants have access to an in plan income guarantee through their employee sponsored retirement plan in 2014, 32 percent increase from 2013.

WINDSOR, Conn., Nov. 12, 2014—A new LIMRA Secure Retirement Institute study found that half of all pre retiree and retiree U.S. households with assets of at least $100,000 are interested in converting assets into guaranteed lifetime income for retirement.

A new LIMRA Secure Retirement Institute survey found the top financial priority for 54 percent American household is to save more money. Other financial priorities include paying down debt, creating a long term financial plan and building better spending habits.

According to LIMRA Secure Retirement Institute research, consumers’ election rate of guaranteed living benefit (GLB) riders on variable annuities has increased for three consecutive quarters after 6 consecutive quarters of declines. Historically speaking, GLB’s have been a